130 episodes

The world of finance has a huge impact on all of us. This show aims to explore and unravel some of the mysteries surrounding the investing business. The Money Maze Podcast has been created by two industry veterans. Through direct, entertaining and insightful interviews with masters of the real life money maze, we hope to learn about different approaches to allocating capital, making investment and business decisions, and navigating the pitfalls that line the paths to prosperity. Whether you're a current or aspiring investment professional, a regular investor, or a student exploring career options, we hope you gain some helpful insights and enjoy the shows. Thank you for listening!

The Money Maze Podcast Simon Brewer and Will Campion

    • Business
    • 4.9 • 148 Ratings

The world of finance has a huge impact on all of us. This show aims to explore and unravel some of the mysteries surrounding the investing business. The Money Maze Podcast has been created by two industry veterans. Through direct, entertaining and insightful interviews with masters of the real life money maze, we hope to learn about different approaches to allocating capital, making investment and business decisions, and navigating the pitfalls that line the paths to prosperity. Whether you're a current or aspiring investment professional, a regular investor, or a student exploring career options, we hope you gain some helpful insights and enjoy the shows. Thank you for listening!

    Are Diamonds Forever? With Bruce Cleaver, Co-Chair of De Beers

    Are Diamonds Forever? With Bruce Cleaver, Co-Chair of De Beers

    If diamonds are forever, then the organisation most associated with them is, of course, De Beers. From inception in 1888, their leadership in the diamond market has been unrivalled, and even today they sell around 30% of the world's rough diamond production.
    In this conversation we discuss the concept of diamonds as collectibles and a store of value. We hear about the shifting supply and demand factors influencing prices, the geopolitical forces at play, the rise of synthetics and the importance of the brand.
    The conversation continues to environmental considerations, running a multinational business, as part of the Anglo American mining giant, and the extraordinary properties that underpin the world of diamonds.
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    The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches, LiveTrade and Mintus.
     

    • 52 min
    Helping Institutional Investors Invest With Confidence - With Jo Holden, Mercer’s Global Head of Investment Research & Consulting

    Helping Institutional Investors Invest With Confidence - With Jo Holden, Mercer’s Global Head of Investment Research & Consulting

    In our recent discussions with some of the world’s super allocators, we have heard about their investment objectives and varying approaches to asset allocation.
    In tandem with the growth in complexity, responsibility and sheer size of global investable assets, we’ve witnessed the growth of the role of the pension consultant firms, Mercer, WTW, Aon, assisting investing organisations around the world.
    In this episode, Joanne Holden, their Global Head of Investment Research & Consulting, explains why a fascination with maths led her to actuarial work and then to investment consulting, and working for over two decades at Mercer.
    She explains why investing institutions need consultants, how they use them, and how they approach the world of asset allocation and manager selection.
    She also discusses, the issues around sustainability, manager analysis, and more broadly glass ceilings, resilience, and advice for young people thinking about finance.
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    The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches, LiveTrade and Mintus.
     

    • 44 min
    The French Sovereign Wealth Fund – With Nicolas Dufourcq, CEO of Bpifrance

    The French Sovereign Wealth Fund – With Nicolas Dufourcq, CEO of Bpifrance

    Our exploration of the world’s super allocators would be incomplete without touching down in France, who have a lesser known but still significant SWF.  
    In this conversation, Nicolas Dufourcq, at the helm of the fund since its creation in 2013, explains its genesis, evolution and ambitions.
    He discusses its principal activities and purpose to drive financing, innovation and “doing its utmost to galvanize the French economy”.
    He describes the emergence of a strong entrepreneurial culture in France, how innovation can help power growth, the re-industrialization of the French economy and the ways in which it is seeking to be “the one stop shop for entrepreneurs”.
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    The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches, LiveTrade and Mintus.

    • 40 min
    Norway's Sovereign Wealth Fund - With Nicolai Tangen, CEO (Replay)

    Norway's Sovereign Wealth Fund - With Nicolai Tangen, CEO (Replay)

    In this podcast, we have an enlightening conversation with Nicolai Tangen, CEO of the Norwegian Sovereign Wealth Fund, which manages over $1.2 trillion in assets (as of 31/12/22), making it the second largest SWF globally.
     
    Norway’s great wealth is in large part courtesy of its oil riches, discovered in 1969. With great vision, the Government’s response to the discovery was the decision to create a separate, segregated fund, away from politicians’ grasp, to serve Norway’s current and future citizens.
     
    Nicolai describes his education and early investing experiences at Cazenove and Egerton, before starting the extremely successful hedge fund AKO. He talks about his education, refreshed throughout his career, and his decision to become the CEO of Norway’s SWF, otherwise known as Pension Fund Global. He talks about his immense delight in being appointed CEO, and how the investment strategy is evolving under his stewardship.
     
    He also speaks about his wish to use risk in a slightly more productive way, how private assets are assessed and incorporated going forward, and how deep forensic analysis such as that undertaken in the case of Wirecard will lead them to exclude companies that might otherwise be owned as part of their ownership of 9,000 globally.The conversation encompasses a discussion about the lofty valuations exhibited within ESG assets, the stocks excluded from their investment portfolio and shown on the website, and the tension between divesting and remaining a shareholder of companies in transition.
     
    Nicolai then explains why techniques drawn from behavioural analysis can help them assess the risks embedded within potential investments; the resilience that can be learned from top athletes, the dangers of inflation returning and the long term challenges facing investors and the world more generally. Finally he offers some pithy Norwegian advice on cooking, sailing, endurance, charity and why introverts are such an under-utilised asset.
     
    Episode originally released in June 2021. 
     
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    The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches, LiveTrade and Mintus.

    • 42 min
    The New York State Common Retirement Fund - With Anastasia Titarchuk, CIO

    The New York State Common Retirement Fund - With Anastasia Titarchuk, CIO

     As we continue exploring the world’s “super-allocators”, we’re learning how different they are in approach and dispersed in investment decisions.
    In this episode we examine these questions through the prism of one of the largest US public pension plans, The New York State Common Retirement Fund, with over $250 billion in assets and more than one million members (as of 31/03/22).
    Anastasia explains her switch, after several years, from sell-side to buy-side, and from private to public. She discusses why the Fund is widely regarded as one of the nation's best-managed and best-funded pension plans, their objectives, restrictions and where and how they prefer active over passive.
    She describes the infrastructure component, real assets, PE and overseas investing as well as why emerging managers are considered an important element in their portfolio construction.  Finally, she acknowledges the limitations that come with managing such a large pool of capital in terms of mobility when compared to an endowment, but equally explains their reach, reputation and results.
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    The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches, LiveTrade and Mintus.
     



     
     

    • 36 min
    Canada's Ontario Teachers' Pension Plan - With Jo Taylor, OTPP CEO

    Canada's Ontario Teachers' Pension Plan - With Jo Taylor, OTPP CEO

    In this episode we travel to Canada as we continue our journey around the world to discuss investment approaches with the leading figures at some of the world’s top institutional allocators, dubbed the “super allocators”. 
    OTPP, well known for its investments from international airports to apple orchards in the US, commercial property globally, autonomous vehicles in Asia, and even Elon Musk’s Space X, has shown that size need not be the enemy of agility and risk comes in a variety of forms.
    Jo Taylor discusses his time with 3i which educated him in venture capital and growth investing. He discusses delegating investment decisions, their appetite to be less constrained than many and their geographic and asset priorities, along with why they have, at times, made big asset allocation switches.
    In a candid and wide-ranging discussion, culture, communication and ESG are all woven into this rich and varied exchange.
    Sign up to our newsletter for more in-depth insights | Follow us on LinkedIn
    The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches, LiveTrade and Mintus.
     

    • 50 min

Customer Reviews

4.9 out of 5
148 Ratings

148 Ratings

Britpop2008 ,

👏👏 Essential listening

This fantastic series covers a broad range of topics and makes complex areas easier to comprehend. The Money Maze demystifies the business of investing and offers the listener accessible and easy-to-digest insights. Highly recommended.

Gulvain1 ,

Interesting but host in thrall of interviewees

Interviews invariably with highly accomplished, overachieving MBAs managing endowment/hedge funds etc. Good sound quality and topics can be interesting. However, the slightly forced smooth drawl of the host can grate, and he seems completely in thrall to the guests, rarely challenging the often staid complacent nature of the fund management industry. Despite all their degrees and ‘cleverness’, most fail to beat simple index benchmarks yet justify their extortionate fees to their complacent investors by over-complicating what should be a simple process. Asset allocation should not be hard, yet if you listen to this podcast with ‘real life masters of the money world’ you’d think it was a black art best left only to Harvard MBA types

CJ Sparse ,

Engaging and Refreshing

Amazing show. The guests have been from a variety of sectors and refreshing perspectives with every single one. Simon knows how to ask the right questions that allow the conversation to flow in a very financial approach. I like how it ends with inspiring the listeners to pursue their truths as told by the guests.

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